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The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.?
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The transactions between a company in Delhi to one in Jaipur are as fo...
Transaction Details:
- MRP: Rs 60,000
- Discount: 20%
- GST: 28%
Calculating the Discount:
To calculate the discount, we need to multiply the MRP by the discount percentage and then subtract it from the MRP.
Discount = MRP * (Discount Percentage/100)
= 60,000 * (20/100)
= Rs 12,000
So, the discount amount is Rs 12,000.
Calculating the Selling Price (SP):
The selling price is the amount after deducting the discount from the MRP.
SP = MRP - Discount
= 60,000 - 12,000
= Rs 48,000
So, the selling price is Rs 48,000.
Calculating CGST (Central Goods and Services Tax):
CGST is calculated on the selling price and is half of the GST rate.
CGST = (GST Rate/2) * Selling Price
= (28/2) * 48,000
= 14 * 48,000 / 2
= Rs 3,36,000 / 2
= Rs 16,800
So, the CGST amount is Rs 16,800.
Calculating IGST (Integrated Goods and Services Tax):
IGST is also calculated on the selling price and is equal to the GST rate.
IGST = GST Rate * Selling Price
= 28 * 48,000
= Rs 13,44,000
So, the IGST amount is Rs 13,44,000.
Calculating the Bill Amount:
The bill amount is the selling price plus the CGST and IGST.
Bill Amount = Selling Price + CGST + IGST
= 48,000 + 16,800 + 13,44,000
= Rs 14,08,800
So, the bill amount is Rs 14,08,800.
Summary:
Based on the given transaction details, we have calculated the following amounts:
- Discount: Rs 12,000
- Selling Price: Rs 48,000
- CGST: Rs 16,800
- IGST: Rs 13,44,000
- Bill Amount: Rs 14,08,800
- MRP: Rs 60,000
- Discount: 20%
- GST: 28%
Calculating the Discount:
To calculate the discount, we need to multiply the MRP by the discount percentage and then subtract it from the MRP.
Discount = MRP * (Discount Percentage/100)
= 60,000 * (20/100)
= Rs 12,000
So, the discount amount is Rs 12,000.
Calculating the Selling Price (SP):
The selling price is the amount after deducting the discount from the MRP.
SP = MRP - Discount
= 60,000 - 12,000
= Rs 48,000
So, the selling price is Rs 48,000.
Calculating CGST (Central Goods and Services Tax):
CGST is calculated on the selling price and is half of the GST rate.
CGST = (GST Rate/2) * Selling Price
= (28/2) * 48,000
= 14 * 48,000 / 2
= Rs 3,36,000 / 2
= Rs 16,800
So, the CGST amount is Rs 16,800.
Calculating IGST (Integrated Goods and Services Tax):
IGST is also calculated on the selling price and is equal to the GST rate.
IGST = GST Rate * Selling Price
= 28 * 48,000
= Rs 13,44,000
So, the IGST amount is Rs 13,44,000.
Calculating the Bill Amount:
The bill amount is the selling price plus the CGST and IGST.
Bill Amount = Selling Price + CGST + IGST
= 48,000 + 16,800 + 13,44,000
= Rs 14,08,800
So, the bill amount is Rs 14,08,800.
Summary:
Based on the given transaction details, we have calculated the following amounts:
- Discount: Rs 12,000
- Selling Price: Rs 48,000
- CGST: Rs 16,800
- IGST: Rs 13,44,000
- Bill Amount: Rs 14,08,800
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The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.?
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The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.?.
The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The transactions between a company in Delhi to one in Jaipur are as follows : MRP RS 60000 , Discount 20%,GST 28% Find amount of discount SP, CGST,IGST,and bill amount.?.
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